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Resolving tax debt

IRS Unveils Tax Reforms: Chasing Taxes, AI Audits, and Accountability for Tax Practices

In the pursuit of fair tax practices, the IRS is proactively addressing tax-related concerns among large corporate entities, partnerships, and high-income individuals. Historically constrained by budget cuts, the IRS is now implementing robust...

How to Apply for the IRS Fresh Start Program

The IRS Fresh Start Program was created in 2011 to help taxpayers who are struggling to pay their taxes. If you are one of those people, then you may be wondering how to apply for the program. In this article, we will walk you through the steps that...

IRS Expands Enforcement Efforts on High-Income Individuals and Corporations

The Internal Revenue Service (IRS) shared on January 12, 2024 that it's making strides in expanding enforcement efforts targeting high-income individuals, large corporations, and complex partnerships. This is part of the agency's broader initiative...

What is Injured Spouse Relief

Injured spouse relief is a program that provides tax relief to spouses who have had to pay out-of-pocket expenses for qualifying medical expenses. These expenses can be related to the injury or illness of either spouse and can include things like...

Innocent Spouse Relief Part 1 – Innocent Spouse, 6015(b)

For people who are married and file a joint tax return, if only one spouse is responsible for the errors or omissions on that return, the IRS may be able to hold both spouses liable for any resulting tax deficiencies and penalties. This is known as...

Challenging A Tax Debt In Bankruptcy

Bankruptcy is commonly thought of as a way to get rid of debt. But what many people don't realize is that bankruptcy can also be used to challenge certain types of debts - including taxes. Challenging a tax debt in bankruptcy is complex, and it is...

Discharging Taxes Through Bankruptcy

Filing for bankruptcy can be a scary process, but it may provide relief from certain debts, including taxes. If you are struggling to pay your taxes and meet other financial obligations, bankruptcy may be a viable option for you.

Using Bankruptcy to Force a Payment Plan on the IRS

In difficult times, many Americans find themselves struggling to make ends meet. When you are behind on your taxes, the IRS can be a daunting and frightening organization. You may feel like you have no other choice but to file for bankruptcy in...

Cancellation Of Indebtedness Income: How To Avoid Paying Tax On This

When you have debt that is forgiven or canceled, you may be required to pay taxes on the amount that is forgiven. This can be a huge burden, especially if the amount of debt that is forgiven is large.

What Is Insolvency For Tax Purposes?

When it comes to taxes, there are a lot of things that people don't understand. One of those things is insolvency. What is insolvency for tax purposes? How does it affect your tax bill? In this blog post, we will answer those questions and more.